Re: [doc] Insurance for younger drivers

[John Tien <johntien99@xxxxxxxxxxx>]

Well... I got my own insurance for my Peugeot 205GL...
Which Blooming cost 4 time as much as the value of my
car!!!!

Hopefully things will become cheaper once I am 21...

Regards,
John Tien
DOC 8
RHD 3046


--- Claire Usher <claire.usher@xxxxxxxxxxx> wrote:

> Hi Mike,
> 
>  
> 
> From personal experience, insuring a car in someone
> else?s name is a false
> economy, because you aren?t building up any No
> Claims Discount of your own.
> Also, if you have an accident or the car is stolen,
> it is your dad who will
> suffer because he will lose his NCD ? and the
> premiums will go up.  
> 
>  
> 
> I looked into this when I bought my first car at the
> age of 17, and we
> worked out that it would be cheaper in the long run
> for me to start my own
> insurance (I had to have my dad as a named driver
> though because I was still
> learning to drive when I bought my car).
> 
>  
> 
> Also, be very careful that the insurance company
> don?t find out that you are
> the main user of the car.  As a ?named driver? the
> insurance company will
> consider you an occasional user of the car because
> the policy is in your
> dad?s name.  If they find out (and they invariably
> do) that you are using
> the car full time, then you may be at the risk of
> being prosecuted by your
> insurers for insurance fraud and they may cancel
> your policy or more likely
> demand the full amount as if the policy was actually
> in your name.
> Insurance companies are often ?suspicious? if a
> young driver is put on a
> policy for a car that would normally be
> prohibitively expensive to insure
> for a young or inexperienced driver and investigate
> more thoroughly in the
> event of a claim.
> 
>  
> 
> Hmmm, now what did I have at 19?.......ah yes, a 5
> year old Ford Escort
> Laser 1.3!  Now there was a quality car!  (not). 
> That cost me the heady sum
> of £460 fully comp back then!!
> 
>  
> 
> Regards,
> 
> Claire (12yrs NCD and clean licence)
> 
> #2292
> 
> DOC171
> 
>  
> 
>  
> 
>   _____  
> 
> From: doc-uk@xxxxxxxxxxxxxxx
> [mailto:doc-uk@xxxxxxxxxxxxxxx] On Behalf Of
> Mike Sumner
> Sent: 26 October 2005 23:10
> To: doc-uk@xxxxxxxxxxxxxxx
> Subject: RE: [doc] UCI unpublished pics
> 
>  
> 
> I see.
> 
> I have my BMW insured in my Dad's name as well, so I
> know the benefit of
> doing that but I didn't realise it worked in such a
> different way as it
> clearly does.
> 
> If I try and insure anything over about 2000 cc the
> company doesn't want to
> know so perhaps I should move to Hong Kong.
> 
> Regards,
> 
> Mike Sumner - 178
> 
> 
> 
> 
> 
> 
> [Non-text portions of this message have been
> removed]
> 
> 
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